Do you think you can turn $200 into $400 in six weeks?

I think it's definitely possible to turn $200 into $400 in six weeks as long as you know what you're doing and you accept the risks, which are, in my opinion, considerable.

I was discussing this question with one my friend who is professional trader and he told me his example when he really doubled his deposit. The pair of pound-yen was in an uptrend over six months for breaking the time path of the level of 118 to 148 is - three thousand points. However, in early February, there were signs of a reversal. And then, the pair has reached a historic high, but then fell sharply. then, the pair flew up again. He has sold at around 147.66, putting a stop loss at 148 That is, the risk was equal to only 34 points. The pair then dropped another thousand points. HE closed a deal at around 139, earning 866 points. This meant risking symbolic by 34 points, he earned 866! Risk reward ratio was 1:25. So my friend in just more than two weeks doubled the capital.

Impossible is nothing 😎😉😄

The market any day is different, is trending or is ranging ? When you will have more experience in trading you will discover that the real issue is not be so lucky to double the money in a short time risking to lose everything. The good question is : How we can find a good fund or strategy that can be profitable in the LONG run with a really low risk? You have to think as an investor not a gambler, there are casino for that purpose. Invest in a good way is like run a marathon not a sprint.

I can turn $400 in $200 even in 6 hours 😭
Seriously I do not know is is possible or not, but only thing I know for sure - try to avoid those brokers who guarantee you that as well as paid-courses of trading.

Thats a good one.

mariav posted:
I can turn $400 in $200 even in 6 hours 😭
Seriously I do not know is is possible or not, but only thing I know for sure - try to avoid those brokers who guarantee you that as well as paid-courses of trading.

alexlowrisk posted:
The market any day is different, is trending or is ranging ? When you will have more experience in trading you will discover that the real issue is not be so lucky to double the money in a short time risking to lose everything. The good question is : How we can find a good fund or strategy that can be profitable in the LONG run with a really low risk? You have to think as an investor not a gambler, there are casino for that purpose. Invest in a good way is like run a marathon not a sprint.

??? Good advice! I'm learning more about the London Open Strategy. In fact watching it right now. It seems pretty consistent so far. I just need to recognize the chart patterns to better predict market direction. I'm going to try to learn and master one strategy and become consistent with that. Otherwise, one could get overwhelmed by all the 'Indicators, signals, etc.'

Happy Trading, :)

Well if you wrote some EA than you know that robot is consistent as it strictly follows defined rules.
On contrary manual trading is not as people do mistakes, have emotions or even sleep:)

True, it's proven to work...
Using such EA for my self too ;)

I can do it by changing risk level of my strategy , check out mine : https://www.myfxbook.com/members/fxstaymanaged/guaranteed-forex-managed-account/951465

fxstaymanaged posted:
I can do it by changing risk level of my strategy , check out mine : https://www.myfxbook.com/members/fxstaymanaged/guaranteed-forex-managed-account/951465

23,19% DrawDown.

No you can't.

topastop posted:

fxstaymanaged posted:
I can do it by changing risk level of my strategy , check out mine : https://www.myfxbook.com/members/fxstaymanaged/guaranteed-forex-managed-account/951465

23,19% DrawDown.

No you can't.

if you want to make money so you must risk and 23% dd is logical to gain %30 profit ..however I can change the risk level to decrease dd if any investor wants lower dd

fxstaymanaged posted:

topastop posted:

fxstaymanaged posted:
I can do it by changing risk level of my strategy , check out mine : https://www.myfxbook.com/members/fxstaymanaged/guaranteed-forex-managed-account/951465

23,19% DrawDown.

No you can't.

if you want to make money so you must risk and 23% dd is logical to gain %30 profit ..however I can change the risk level to decrease dd if any investor wants lower dd

Turning 200$ to 400$ in a period of 6 weeks requires a average week gain of about 16,5%.

Your average gain is 0,56% and so you would need to multiply your gains by over 29.
This means that you would need to multiply your DD by 29 as well.
Assuming your previsious DD, 23,19% (at the moment it is 41,28%), you would have a DD of 672% therefore blowing up your account.

topastop posted:Turning 200$ to 400$ in a period of 6 weeks requires a average week gain of about 16,5%.

Your average gain is 0,56% and so you would need to multiply your gains by over 29.
This means that you would need to multiply your DD by 29 as well.
Assuming your previsious DD, 23,19% (at the moment it is 41,28%), you would have a DD of 672% therefore blowing up your account.

as I told before I can set any risk reward to the strategy

And so since this has been going for more than six weeks, was it successful?

fxstaymanaged posted:

topastop posted:Turning 200$ to 400$ in a period of 6 weeks requires a average week gain of about 16,5%.

Your average gain is 0,56% and so you would need to multiply your gains by over 29.
This means that you would need to multiply your DD by 29 as well.
Assuming your previsious DD, 23,19% (at the moment it is 41,28%), you would have a DD of 672% therefore blowing up your account.

as I told before I can set any risk reward to the strategy

Then why haven't you set it up in a way that you have no DD?

You can, if you Gamble

can go for scalping and make sure you follow trend

Yes you can. I'm already up to 120% in one week :)

this isnt hard to made

Thats a stupid question, all can made 200 to 400, in fact u have like a 50% probability of success makin one trade in an 'all-in', but in that case u also can go to the casino and try it in roulette. But thats not the way to win in forex, I can made u 200 to 400 with a probability of 99% but that gonna take maybe two years. What u prefer?